Why companies should focus on spend analysis
Most CPOs focus on reducing costs, and it is a major business priority for them. A cost-effective procurement system allows companies
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Main challenges in public sector procurement
Procurement has transformed into a core and strategic department in most organisations. It is more than reducing costs of sourcing products and materials; procurement is now a process-driven and innovative profit-centre helping organisations to increase efficiency and...
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Why procurement practitioners should evangelise about their profession
The online supplier discovery platform, ThomasNet, urges procurement practitioners to evangelise the indispensable new business-enhancing functions of the profession, and dispel outmoded myths that it is focused on cost reduction and impeding spending. While the...
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References for benchmarking your procurement function
If you are seeking to measure procurement performance, do not hesitate to benchmark your procurement function. It will help improve spend value and also ensure optimal procurement function. You should not only look for external benchmarks to link with purchasing...
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Getting digital procurement transformation started
A digital procurement transformation expert suggests three steps that CPOs can take to introduce significant cost reductions via automation, to persuade the most sceptical of CEOs that investment in digital solutions makes business sense. Dave Brittain, senior manager...
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Three ways that AI is revolutionising supply chain management
Two academics have identified three ways in which AI eliminates inefficiencies, redundancies, and environmental damage in the
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